Employers Holdings Inc. Takes Position in BlackRock, Inc. (NYSE:BLK)

Employers Holdings Inc. acquired a new stake in BlackRock, Inc. (NYSE:BLK) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,933 shares of the asset manager’s stock, valued at approximately $1,376,000.

Several other large investors also recently added to or reduced their stakes in the company. Eastern Bank grew its position in BlackRock by 1.1% in the 2nd quarter. Eastern Bank now owns 39,243 shares of the asset manager’s stock valued at $18,417,000 after purchasing an additional 445 shares during the period. BancorpSouth Bank grew its position in BlackRock by 8.6% in the 2nd quarter. BancorpSouth Bank now owns 14,321 shares of the asset manager’s stock valued at $6,721,000 after purchasing an additional 1,131 shares during the period. EP Wealth Advisors LLC grew its position in BlackRock by 13.8% in the 1st quarter. EP Wealth Advisors LLC now owns 37,649 shares of the asset manager’s stock valued at $16,090,000 after purchasing an additional 4,555 shares during the period. Xact Kapitalforvaltning AB grew its position in BlackRock by 19.6% in the 1st quarter. Xact Kapitalforvaltning AB now owns 28,867 shares of the asset manager’s stock valued at $12,337,000 after purchasing an additional 4,729 shares during the period. Finally, Heritage Way Advisors LLC grew its position in BlackRock by 1.4% in the 2nd quarter. Heritage Way Advisors LLC now owns 5,977 shares of the asset manager’s stock valued at $2,805,000 after purchasing an additional 80 shares during the period. Institutional investors own 81.77% of the company’s stock.

BLK traded up $10.91 during mid-day trading on Friday, reaching $420.22. 121,616 shares of the stock were exchanged, compared to its average volume of 563,631. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.49 and a current ratio of 2.92. The stock has a market capitalization of $65.74 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 1.57 and a beta of 1.51. The company has a 50 day moving average price of $462.13 and a two-hundred day moving average price of $447.03. BlackRock, Inc. has a 1 year low of $360.79 and a 1 year high of $492.00.



BlackRock (NYSE:BLK) last posted its quarterly earnings data on Friday, July 19th. The asset manager reported $6.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $6.52 by ($0.11). The firm had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.57 billion. BlackRock had a return on equity of 13.24% and a net margin of 30.25%. BlackRock’s revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.66 earnings per share. Sell-side analysts expect that BlackRock, Inc. will post 27.53 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Thursday, September 5th will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Wednesday, September 4th. BlackRock’s dividend payout ratio (DPR) is currently 49.02%.

Several analysts recently issued reports on BLK shares. Barclays lifted their price target on shares of BlackRock from $515.00 to $540.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. JPMorgan Chase & Co. reduced their price target on shares of BlackRock from $527.00 to $525.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. UBS Group lifted their price objective on shares of BlackRock from $515.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Finally, Morgan Stanley lifted their price objective on shares of BlackRock from $550.00 to $553.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. BlackRock currently has a consensus rating of “Buy” and a consensus target price of $499.03.

BlackRock Company Profile

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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